I was looking the wrong way

Guess I was looking for new highs after the market started to consolidate sideways but then it fell out the sky - haha

Thats 'falling wedge' was exactly that....falling!!

The market couldn't get any new legs and dropped on a dime....but not all hope is lost

I have been doing some more reading (Laundry et al.) and all have been calling for a mid-October top and then a big correction - possibly revisiting March lows.

Don't forget we are still in a 'bull' market (rally) and this could go either way.....

I'm looking for a sharp bounce on the XJO next week....the reason being the divergence between the XJO and the DJIA...the XJO has broker the 38.2% mark, while the DJIA is nowhere near it...

this will get interesting.....

XJO

DJIA

safe trading